State Bank of Marietta in Marietta, Minnesota (MN)
| State Bank of Marietta | |
|---|---|
| General | FDIC Certificate #: 18525 Status: Active Federal Reserve ID: 2554 Bank Holding Company (Regulatory Top Holder): Dakota Financial, Inc. (RSSDID: 3615272, Location: Marietta, MN) Date Established: August 14, 1941 WWW: http://www.sbmarietta.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 12417 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: May 21, 1962 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 201 3rd Ave North, Marietta, MN 56257 County: Lac Qui Parle Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $12.1 mil Equity capital: $1.2 mil Deposits held in domestic offices: $10.3 mil Return on assets (ROA): 1.14% ($0.1 mil) Quarterly return on assets: 0.91% ($0.1 mil) Return on Equity (ROE): 11.43% ($0.1 mil) Quarterly return on equity: 9.38% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.14% ($138.0 mil) Quarterly Pretax return on assets: 0.91% ($110.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 4 |
| Total assets | $12,109 |
| Cash and due from depository institutions | $4,149 |
| Interest-bearing balances | $3,376 |
| Securities | $1,892 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $5,530 |
| Loan loss allowance | $100 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $97 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $289 |
| All other assets | $152 |
| Life insurance assets | $12,110 |
| Total liabilities and capital | $10,948 |
| Total liabilities | $10,311 |
| Total deposits | $7,123 |
| Interest-bearing deposits | $10,311 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 616.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $21 |
| All other liabilities | $1,162 |
| Total equity capital | $1,162 |
| Total bank equity capital | $1,162 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $975 |
| Undivided profits | $137 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $95 |
| Average Assets, year-to-date | $10,798 |
| Average Assets, quarterly | $1,243 |
| Volatile liabilities | $11,438 |
| Insider loans | $11,836 |
| FHLB advances | $7,788 |
| Loans and leases held for sale | $11,402 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $883 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $692 |
| Derivatives | $128 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $452 |
| Total interest expense | $76 |
| Net interest income | $376 |
| Provision for loan and lease losses | $26 |
| Total noninterest income | $51 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $44 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $7 |
| Total noninterest expense | $271 |
| Salaries and employee benefits | $147 |
| Premises and equipment expense | $20 |
| Additional noninterest expense | $104 |
| Pre-tax net operating income | $130 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $130 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $130 |
| Net charge-offs | $0 |
| Cash dividends | $130 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $77 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.33% |
| Cost of funding earning assets | 0.73% |
| Net interest margin | 3.61% |
| Noninterest income to earning assets | 0.49% |
| Noninterest expense to earning assets | 2.60% |
| Net operating income to assets | 1.14% |
| Return on assets (ROA) | 1.14% |
| Pretax return on assets | 1.14% |
| Return on equity (ROE) | 11.43% |
| Retained earnings to average equity (YTD only) | 4.66% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $63,466 |
| Cash dividends to net income (YTD only) | 3.03% |
| Condition Ratios (%) | |
| Loss allowance to loans | 59.23% |
| Loss allowance to noncurrent loans | 1.78% |
| Noncurrent assets plus other real estate owned to assets | 10000.00% |
| Noncurrent loans to loans | 0.01% |
| Net loans and leases to deposits | 0.02% |
| Net loans and leases to core deposits | 53.63% |
| Equity capital to assets | 57.84% |
| Core capital (leverage) ratio | 9.60% |
| Tier 1 risk-based capital ratio | 7.74% |
| Total risk-based capital ratio | 11.34% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $11,438 |
| Average equity | $1,138 |
| Average loans | $10,428 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 12417 | State Bank Of Marietta | 201 3rd Ave North, Marietta, MN 56257 | August 14, 1941 | Full Service Brick and Mortar |  |
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